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Suppliers of a Good Are Likely to Favor a Binding

Question 44

Multiple Choice

Suppliers of a good are likely to favor a binding:


A) price floor, as the quantity sold will be higher than in a competitive market
B) price floor, as the price received will be higher than in a competitive market
C) price ceiling, as the quantity demanded will be higher than in a competitive market
D) price ceiling, as the price received will be higher than in a competitive market

Correct Answer:

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